This Video Will Cost You $100 Dollars - Opportunity Cost Explained - FutureIQ

Opportunity cost is one of those economic concepts that will change your decision-making forever once you understand it clearly. But it is quite difficult to grasp the concept if you just got to know the term. Therefore, we've brought you more than 10 examples in this video to help you understand it better. Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us up on Twitter: @ngkabra http://twitter.com/ngkabra @shrikant https://twitter.com/shrikant Listen it on the podcast provider of your choice: https://tapthe.link/FutureIQRSS Watch other episodes of The FutureIQ podcast: https://www.youtube.com/playlist?list=PLAppTB0r5_TaYueZ0adD42Wiw5X-wTE4v More videos for you: Sunk cost fallacy: https://youtu.be/pgH79XsGlo4 00:00 Introduction 01:05 Opportunity cost 01:59 Example 03:30 Example 2 04:54 Example 3 05:55 Example 4 07:23 Example 5 09:00 Example 6 09:40 Example 7 11:00 Example 8 11:35 Example 9 12:16 Where does it not apply? 13:48 Baumol's cost disease 15:20 Example 10 18:50 The conclusion #futureiq #opportunitycost